Sensata to start roadshow Wednesday for $900 million equivalent two-part offering

By Paul A. Harris

St. Louis, April 4 - Sensata Technologies BV will begin a U.S. roadshow on Wednesday for its $900 million equivalent offering of notes, according to a market source.

A European roadshow will be conducted during the week of April 10. Pricing is expected to take place late in the week of April 17.

The company plans to sell dollar-denominated and euro-denominated senior notes and dollar-denominated senior subordinated notes. Tranche sizes and maturities remain to be determined.

Morgan Stanley, Banc of America Securities LLC and Goldman Sachs & Co. are joint bookrunners for the Rule 144A transaction.

Proceeds will be used to help fund the $3 billion acquisition of the Texas Instruments Sensors & Controls business by Bain Capital LLC. Bain is also providing $975 million in equity.

The prospective issuer is an Attleboro, Mass., supplier of engineered sensors and controls to the appliance, climate control, industrial, automotive, lighting and aircraft markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.